About This Property
Chapel Ridge of El Dorado II offers 64 units in El Dorado, Arkansas, with 48 designated as low-income housing. The property includes a mix of studio, one-bedroom, two-bedroom, and three-bedroom floor plans, placed in service in 2001 and financed through 9% Low-Income Housing Tax Credits. The community serves Union County residents seeking affordable rental housing options.
Property Details
Fair Market Rent - Union County, AR
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $692 |
| 1 Bedroom | $696 |
| 2 Bedroom | $864 |
| 3 Bedroom | $1,158 |
| 4 Bedroom | $1,219 |
Income Limits - Union County, AR
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $20,200
- Low (80%)
- $32,300
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $23,050
- Low (80%)
- $36,900
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $25,950
- Low (80%)
- $41,500
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $28,800
- Low (80%)
- $46,100
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $31,150
- Low (80%)
- $49,800
- Extremely Low (30%)
- $33,450
- Very Low (50%)
- $33,450
- Low (80%)
- $53,500
- Extremely Low (30%)
- $35,750
- Very Low (50%)
- $35,750
- Low (80%)
- $57,200
- Extremely Low (30%)
- $38,050
- Very Low (50%)
- $38,050
- Low (80%)
- $60,900
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $20,200 | $32,300 |
| 2 Persons | $17,420 | $23,050 | $36,900 |
| 3 Persons | $21,960 | $25,950 | $41,500 |
| 4 Persons | $26,500 | $28,800 | $46,100 |
| 5 Persons | $31,040 | $31,150 | $49,800 |
| 6 Persons | $33,450 | $33,450 | $53,500 |
| 7 Persons | $35,750 | $35,750 | $57,200 |
| 8 Persons | $38,050 | $38,050 | $60,900 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in El Dorado, AR?+
The Fair Market Rent (FMR) for Union County, AR is: $692 (Studio), $696 (1BR), $864 (2BR), $1158 (3BR), $1219 (4BR). Actual rent at subsidized properties like Chapel Ridge of El Dorado Ii is typically 30% of household income or less.
What size apartments are available at Chapel Ridge of El Dorado Ii?+
Chapel Ridge of El Dorado Ii offers the following unit types: 3 Studio, 8 One-Bedroom, 32 Two-Bedroom, 8 Three-Bedroom units, for a total of 64 units.
Who manages Chapel Ridge of El Dorado Ii?+
Chapel Ridge of El Dorado Ii is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in El Dorado, AR?+
Based on Fair Market Rent for Union County, the estimated price range is: 1-bedroom: $696, 2-bedroom: $864, 3-bedroom: $1158. Actual rent at Chapel Ridge of El Dorado Ii may be lower for income-eligible households.
What are the income limits for affordable housing in Union County, AR?+
For a 4-person household in Union County, AR, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $28,800, Low Income (80% AMI): $46,100. These limits are set by HUD and updated annually.
How do I apply for housing at Chapel Ridge of El Dorado Ii?+
Chapel Ridge of El Dorado Ii is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Walk Score
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Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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